Cullen Frost Bankers Inc. Has $43.95 Million Holdings in Walmart Inc. (NYSE:WMT)

Cullen Frost Bankers Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,434 shares of the retailer’s stock after buying an additional 23,040 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walmart were worth $43,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC grew its position in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC grew its position in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $96.00 on Thursday. The company has a market capitalization of $771.16 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock has a fifty day simple moving average of $96.15 and a 200 day simple moving average of $88.09. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Tigress Financial boosted their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $103.07.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.